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Buscom Excel-Solution Diaz

The document appears to be a balance sheet for Mariel Paderes Company showing assets of $6,900 and liabilities of $4,240, leaving $2,660 in stockholders' equity consisting of common stock of $2,400 and retained earnings of $2,160. It lists line items for cash, receivables, inventory, land, buildings, equipment, account payables, long-term liabilities, common stock, and retained earnings.

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Erico Paderes
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37 views6 pages

Buscom Excel-Solution Diaz

The document appears to be a balance sheet for Mariel Paderes Company showing assets of $6,900 and liabilities of $4,240, leaving $2,660 in stockholders' equity consisting of common stock of $2,400 and retained earnings of $2,160. It lists line items for cash, receivables, inventory, land, buildings, equipment, account payables, long-term liabilities, common stock, and retained earnings.

Uploaded by

Erico Paderes
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Mariel Paderes Company

Erico Inc.
Cash P 1,800
Receivables 960
Inventory 1,320
Land 600
Buildings (net) 2,400
Equipment (net) 720
Account Payable 960
Long-term liabilities 2,280
Common stock 2,400
Retained earnings 2,160

Solution No. 1:
Cash
Receivables
Inventory
Land
Subtotal
Account Payable
Long-term liabilities
Subtotal
Purchase price of the target company
Subtotal
Less: Amortization Trademark
Goodwill

Solution No. 2:
Account Receivables - Erico Inc.
Account Receivables - Fair Value
Total Account Receivables

Solution No. 3:
Inventory - Erico Inc.
Inventory - Fair Value
Total Inventory

Solution No. 4:
Building (net) - Erico Inc.
Building (net) - Fair Value
Total Building

Solution No. 5:
Equipment (net) - Erico Inc.
Equipment (net) - Fair Value
Total Equipment

Solution No. 6:
Long-term liabilities - Erico Inc.
Long-term liabilities - Fair Value
Total Long-Term liabilities

Solution No. 7:
Common Stock - Erico Inc.
Total Common Stocks

Solution No. 8:
30 Cash - Erico Inc.
Mariel Comon Stock
Cash - Fair Value
Transaction Investment arrangement
Cash Purchase after transaction

Solution No. 10:


Retained earnings
Transaction Cost
RE-BV
Add Capital -Erico

Solution No. 11:


Price paid
Stockholders' equity of Midwest
Ownership interest
Excess of cost over book value
Adjust inventory, 8 x $20,000
Excess available for fixed assets
Building, .8 x $30,000, 10-year life
Equipment, .8 x $40,000, 5-year life
Goodwill, 20-year life
Solution No. 12:
Investment Income
Investment in Midwest
Dividends Declared

Common Stock, $5 par


Paid-in Excess of Par
Retained Earnings
Investment in Midwest

Building
Equipment
Goodwill ($78,000 - [4 x $3,900]
Accumulated Depreciation--Building (4 x $2,400)
Accumulated Depreciation--Building (4 x $6,200)
Investment in Midwest

Depreciation Expense
Accumulated Depreciation, Building

Depreciation Expense
Accumulated Depreciation

Goodwill Amortization Expense


Goodwill

Solution No. 15:


Cost
Resold
Cost of ales
pany
Book Value Fair Value
P 160 P 160
360 320
520 600
240 260
440 560
200 150
120 120
680 600
160
960

Dr Cr

160
320
600
260
1340
120
600
620
800
180
80
100

960
320
1280

1,320
600
1,920

2,400
560
2,960

720
150
870

2,280
600
2,880

2,400
2,400

P 1,800
500
P 160
30
1,110

2,160
90
960
90
1,110

550,000
$500,000
400,000
150,000
16,000
$134,000
-24,000
-32,000
$78,000
67,300
59,300
8,000

40,000
120,000
440,000
600,000

24,000
32,000
62,400
9,600
25,600
83,200

2,400
2,400

6,400
6,400

3,900
3,900

25,000
32,000
7,000

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